Data centers are truly high-quality cash flow assets. Looking at SpaceX's IPO filing, Anthropic has agreed to pay SpaceX $1.25 billion per month for access to the computing power of the Colossus data center, with the contract running until May 2029. If fully executed, this amounts to nearly $45 billion. Initially, the main computing power will be from Colossus1 (approximately 300MW, over 220,000 NVIDIA GPUs), later expanded to Colossus2 (over 1GW). However, it's estimated that only a portion of Colossus2's computing power will go to Anthropic, as xAI currently primarily runs on Colossus2. Based on previously disclosed costs, Colossus1 cost $7 billion, and Colossus2 cost over $20 billion, bringing the total cost of the two data centers to nearly $30 billion. Currently, the entirety of Colossus1 and a small portion of Colossus2 (estimated to be small; based on market rates, consuming all of Colossus1's computing power would generate approximately $1 billion per month) can bring in $1.25 billion in monthly revenue, totaling $15 billion annually—a truly high-quality cash flow. It's worth noting that reports indicate SpaceX's initial IPO prospectus disclosed a data center construction cost of only $2.7 million per megawatt (industry benchmark approximately $12.3 million/megawatt), but this figure was removed in the final version, leaving only the phrase "considerably lower than industry benchmarks." It must be said that Musk's company's engineering capabilities are absolutely top-tier.
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qinbafrank
@qinbafrank
05-09
Why is xAI renting out the Colossus1 data center to Anthropic? This tweet is probably the most insightful analysis, with the core logic being:
xAI currently holds a total of about 550,000+ GPUs (based on H100-equivalent performance), while Colossus1 (220,000 units) accounts for x.com/jukan05/status…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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